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Closing Arguments: No Jets for the Execs?
November 22, 2008 12:05 AM
As our chief investigative correspondent Brian Ross reported last night, the CEOs from the Big Three automakers spared no expense getting from Detroit to Washington to ask for a $25-billion dollar share of the the government's $700-bilion bailout.
Today, General Motors announced the company would take two of their five jets out of service because, they said, the planes were not being used.
Ford and Chrysler have not revealed any plans, as yet, to change their corporate jet policy.
So tonight, we ask you: Should executives from companies seeking bailout funds be forced to fly commercial?
Tell us what you think.
November 22, 2008 | Permalink | Share | User Comments (151)
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Don't just take the jets out of service, sell them!!
Posted by: Carol Lempges | Nov 22, 2008 12:10:17 AM
I am disgusted by the executives of the big 3. They should give up all of their salaries plus their perks and work for free on the line in their factories
Posted by: Susan Youngdahl | Nov 22, 2008 12:12:08 AM
Of course they should fly on private airplanes. As a stockholder or taxpayer the bext way for teh execs to run the company is to be as efficient as possible. It is not in my interst for them to spend hours waiting for commercial flights and subject themselves to delays and possible kidnppings. We spend so much time thinking of how to punish these execs that we don't realize that it would hurt us not to let the folks who know who to run a business run it. Just because you drive a car doesn't mean you know how to run a company that makes them.
Posted by: Annette Fildes | Nov 22, 2008 12:12:43 AM
Why can't they drive a car?
Posted by: Lori Braunstein | Nov 22, 2008 12:12:44 AM
I think it is discussing what the excutives get around in while the rest of us are struggling to stay afloat. I am so happy their requests for the billions of dollars was denied. I was so glad they were denied.
Posted by: Marianne | Nov 22, 2008 12:13:01 AM
If I have to then they should
as well... if the are crying poverty, sell the darn things.
Posted by: Sal | Nov 22, 2008 12:13:08 AM
hang um high- no jets no bonuses cut their failure pay. same for the crooks running the banking schemes.
let um file for bankrupcy.
Posted by: gary long | Nov 22, 2008 12:13:13 AM
Are you kidding? Yes, they should sell all of their jets and fly commercial. I can't see where selling two jets that aren't even in use is going to do any good. Who do they think they are??????
Posted by: Karen | Nov 22, 2008 12:13:16 AM
I don't believe Auto CEO's should use private jets, should use commercial flights, to travel, especially to Washington, if they're asking for millions for their corporations. These CEO's should start sacrificing just a tiny bit, we as employees, or no longer employee like I am after a corporate layoff, while CEO is treated with luxury.
Thank you.
Posted by: Sophie Byrnes | Nov 22, 2008 12:13:31 AM
Belt tightening is something all of us are experiencing right now. Why not the Big corporations? I will be paying for their bailout and I don't fly private jets OR 1st class. Don;t ask me to bail you out if you aren't willing to tighten your own belt
Posted by: Bev | Nov 22, 2008 12:14:34 AM
executives from companies seeking bailout funds should be forced to fly commercial. after watching the 3 execs on tv the other night asking the men from ford and gm if they would take a pay cut to $1.00 the responses from the two men were an embarassment to the auto industry. the two should be fired, should not be given any retirement benefits or any pension; they should suffer like a lot of people are suffering right now. the only person who stepped up to the plate was the exec from chrysler, stating he would take $1.00 for his pay.
Posted by: CPOPE | Nov 22, 2008 12:15:35 AM
I vote for selling the jets. Take them out of service--? They're out of service for saying that. They have some nerve!
Posted by: Lori Braunstein | Nov 22, 2008 12:15:35 AM
It is a catch22.
At $14million a year(or $7,000/hr) in pay, we can't afford to fly them commercial.
That is $7,000/hr wasted.!!!
Does anyone else see the insanity of this??
Posted by: Bill | Nov 22, 2008 12:15:51 AM
Jets have their place but not when you a claiming to be poor. At least the jets have been claimed to be leased. But how many people does returning the jets put out of work?
What happened to the electronic conference systems that were gong to reduce travel needs?
Would congess accept electronic conferencing in place of physical visits. If not, they must share the blame for the use of jets.
Posted by: Ed Hassler | Nov 22, 2008 12:16:43 AM
they should have gone on a commercial flight....and if the plane went down or something happened, let the next guy in line take over....these men are NOT indespensable. how about even letting someone train one of the LINE guys or union guys do the job...they could certainly USE the increase in pay...THESE EXECUTIVES ARE WAYYYYYYYYYYYYYYYY OVERPAID...
In a financial crisis like we're having now, UPPER MANAGEMENT SHOULD TAKE A CUT IN PAY & GIVE UP THEIR JETS...
Posted by: Mer | Nov 22, 2008 12:16:47 AM
Typcal political grandstanding. Do we really want executives killing time for two hours at airports with their shoes off, going and coming.
Posted by: bob weibel | Nov 22, 2008 12:17:07 AM
Executives of the "Big Three" auto makers should have income capped, bonuses eliminated, and jets scrapped! This includes the owners of the car dealerships.
The public schools in our country are in just as much financial strife, and we don't see the administrators of our future living in multi-million dollar houses, or traveling around the country in jets! I guess the public schools should go to Washington and beg for a bale out of the public schools!
Thank you for your time!
Posted by: Sam Wilkes | Nov 22, 2008 12:17:33 AM
Commercial flights - business section.
Posted by: H. Shubert | Nov 22, 2008 12:17:36 AM
IF they get a bailout there should be
No jets!
No million dollar salaries!
No bonuses!
No Golden Parachutes!
for any Execs!!!!!
Posted by: Bostew | Nov 22, 2008 12:17:55 AM
Even GM trying to get a bailout, makes me sick. If these companies are realy hurting, than they would not be able to afford to fly in private jets. As far as I am concerned, let them find their own way out. No one is bailing you and I out, if we get in debt. All of these big compinies want a free ride.
Posted by: IRONSIDE | Nov 22, 2008 12:18:23 AM
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